[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)] [Notices] [Page 23429] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-11312] ----------------------------------------------------------------------- DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. SA98-81-000] Shannon Energy Corporation; Notice of Petition for Adjustment April 23, 1998. Take notice that on April 7, 1998, Shannon Energy Corporation (Shannon) filed a petition, pursuant to section 502(c) of the Natural Gas Policy Act of 1978 [15 U.S.C. Sec. 3412(c)] and Subpart K of the Commission's Rules of Practice and Procedure, for an adjustment relieving Shannon of its obligation to make: (1) $17,501.17 in Kansas ad valorem tax refunds to Williams Gas Pipelines Central, Inc., formerly: Williams Natural Gas Company (Williams); (2) $1,180.59 in Kansas ad valorem tax refunds to Colorado Interstate Gas Company (CIG); and (2) 43,245.89 in Kansas ad valorem tax refunds to Amoco Production Company (Amoco), for subsequent flow-through to the purchaser. Shannon contends that its financial condition cannot withstand having to refund these amounts, because it is a scaled-down company that no longer operates the wells that generated the refund obligations, and because it will not be able to collect amounts owed by the other working interest owners and the royalty interest owners, since it has no way to bill them. Shannon's petition is on file with the Commission and open to public inspection. Shannon states that, although it was the operator of several Hugoton wells during the period from December 1, 1986 through January 1, 1993, it no longer operates those wells, and has no way to obtain reimbursement of amounts attributable to many of the working and royalty interest owners, because Shannon is no longer billing out through a Joint Interest Billing or paying revenue checks. Shannon indicates that, collectively, Williams, CIG, and Amoco have served Shannon with $61,927.65 in refund claims. Shannon contends that, if it tries to make a ``special'' billing of the appropriate working and royalty interest owners with respect to these refund claims, it will not be reimbursed by those owners and, therefore, will receive the hardship of the uncollectible debts. Shannon further states that it does not have the funds to risk so large a write-off. In view of the above, Shannon requests that it be relieved of its obligation to refund the above-referenced amounts to Williams, CIG, and Amoco, i.e., to be relieved of its obligation to refund the amounts attributable to its own working interest, and to be relieved of the obligation to make refunds on behalf of the other working interest owners and the royalty interest owners. Any person desiring to be heard or to make any protest with reference to said petition should on or before 15 days after the date of publication in the Federal Register of this notice, file with the Federal Energy Regulatory Commission, 888 First Street, N.E., Washington, D.C. 20426, a motion to intervene or a protest in accordance with the requirements of the Commission's Rules of Practice and Procedure (18 CFR 385.214, 385.211, 385.1105, and 385.1106). All protests filed with the Commission will be considered by it in determining the appropriate action to be taken but will not serve to make the protestants parties to the proceeding. Any person wishing to become a party to a proceeding or to participate as a party in any hearing therein must file a motion to intervene in accordance with the Commission's Rules. David P. Boergers, Acting Secretary. [FR Doc. 98-11312 Filed 4-28-98; 8:45 am] BILLING CODE 6717-01-M